Manage your Time and Control your Money

Time and money have a special power. Despite our best plans and efforts, there’s only so much that gets in the way, and in the end, we are left with nothing. Humans are blessed with a gift of time but unfortunately, people do not bother about this treasure and let it be wasted.

When you get it right, there’s more

Successfully managing your money requires a budget, one that you can work with weekly and monthly to keep track of your spending and savings and track your income. Time management is similar. Using a calendar or to-do list to keep track of what needs to be done and what you’ve accomplished will help you stay productive. Budgeting your money and time takes effort, but the reward is increased efficiency which leaves you with more money and more time. If you can’t find the motivation to get started with either, remember that investing in efficiency will almost always generate far more time and money than you put into it.

Both have their Limits

Time to manage your money better? - CIC Financial - Financial Advisers

There are only so many hours in the day, so you have to make the most of the time you have. There’s no right way to spend your time, but if you’re not spending your time pursuing things that make you happy or that align with your values, you may be wasting time you can’t get back.

The same goes for money. Even though you are constantly replenishing your money with new earnings, there is a limit to how much you have today. Spending too much on the things you want can leave you without the things you need. Similarly, spending too much on things that don’t make you happy can make it harder to get the things you really value.

Setting Priorities is a Must

There will never be enough time or enough money. Things will not get done and purchases will have to be postponed. It’s disappointing, but it just goes to show how important it is to prioritize your goals. When choosing between two tasks, it’s always helpful to know which one is directly related to your highest priority. Same with money, you may regret not having enough cash to pay for everything you want or need, but you should try never to regret your choices. Knowing what is most important to you will make your decisions easier and easier to live with.